Hike in deposit rates by HDFC, Bajaj Finance raises expectations and sends signals that the rate cycle may finally take a turn amid inflationary pressure
BJP leader Subramanian Swamy on June 16 pitched for abolition of Income Tax to increase savings rate and help economic growth, and also suggested nationalisation of funds stashed in tax havens to retrieve the black money
With only a few days to go for RBI's credit policy meet, it is anybody's guess as to what would be the rate cut. But bankers and bond dealers are sure of one thing: banks should have more liquidity.
Naina Lal Kidwai, country head, HSBC India and director, HSBC Asia Pacific explains on CNBC-TV18 that the Indian economy set to boom on strong investor sentiment and an attractive market
CNBC-TV18's banking editor Latha Venkatesh explains that according to economists the fall in household savings is another piece of bad news that may put further pressure on the economy as domestic savings available for investment decline.
Depositors can now expect better interest rates than the existing rates. Deregulating will certainly increase competition between banks and it will benefit the depositors.
Should savings rate be deregulated? The RBI doesn't have the answer. It has posted a discussion paper on its website to start a public debate, reports CNBC-TV18's Latha Venkatesh.